Independent Living Community and Real Estate

Not Disclosed, TX
Burnet County

Located 60 miles North-West of Austin, TX

Asking Price: Annual Revenue:
$400,000 $367,919

Services: Senior Living & Care, Assisted Living

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RE: Independent Living Community and Real Estate Broker: John McCleary
Owner Financing is Available!

Quick Facts

Asking Price: $400,000
Annual Revenue: $367,919
Net Profit: Not Disclosed
Cash Flow: $198,204
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 5
BBN Listing #: 307362509
Broker Reference #: Not Disclosed

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Business Overview:

The company was founded by the current owners in 2010 following the completed construction of the first four cottages. The owners had several years of experience working with and caring for seniors prior to founding the company. They realized that many of their patients could remain healthier and independent longer if they only had a place that offered nutritious meals, activities to keep their minds sharp, exercise, socialization, and a maintenance-free house that was not an institution. This realization became the founding thesis of the company.

The owners saw a huge opportunity to open a retirement community after learning how few options were available in town. In addition, the owners, who were born and raised in the locations area, had a deep understanding of the area’s culture and identity and used these principles to guide their business decisions. For example, the owners worked with their chef to devise a menu centered around Texas cuisine. The owners also designed the property and cottages around the existing landscape in order to emphasize the property’s elm trees and contained gardens.

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Property Features and Assets:

Across the property’s 3.5 acres, there are 13 resident cottages. Among these 13 cottages are 5 two-bedroom cottages, 5 large one-bedroom cottages, 2 small one-bedroom cottages, and 1 extra-large one-bedroom cottage. All cottages are full apartments with separate bedrooms, large baths, full kitchens with appliances, laundry facilities and are ADA accessible. Every cottage has a large porch with desirable views of the Texas Hill Country. The clubhouse has a semi-commercial kitchen, dining space for all residents, an activity room, laundry facility, and an efficiency apartment used for on-site staff to live. The barn has climate-controlled storage space that houses extra freezers, dry food and supplies, seasonal decorations, and storage. Two other sections of the barn are enclosed for outdoor storage of equipment and maintenance supplies. The well house has well water pressure tank storage, water softener system, and lawn irrigation controls. The property’s lot size is 3.5 acres, and there are approximately 1.5 acres of open field land that offers room for a new owner to expand the number of cottages on the property.

Market Competition and Expansion:

The company has one competitor in the area, a senior living facility that is owned, operated, and located on the same property as an assisted living center. The owners do not view their competitors as a significant threat, as there is more than enough demand for senior living facilities in the beautiful central Texas countryside to support more than one facility.

Reason for Selling:

Changing careers.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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